Human Resource Services

Comparison of UF Retirement Plans offered by the state

 

 

FRS Pension Plan

FRS Investment Plan

State University System Optional Retirement Program (SUSORP)

Type of Plan

Defined Benefit Plan

Defined Contribution Plan

Defined Contribution 403(b) Plan

Your Benefit

Pays a guaranteed lifetime
monthly benefit using a formula
based on your service and salary
while you are working for an
FRS employer.

In both plans, your benefit depends on the amount of money contributed to your account and its growth over time. You decide how to allocate the money in your account among the available investment funds.

Florida Retirement System Brochure

FOR A COMPARISON OF THE PLANS SELECT THIS LINK

Eligibility

USPS, TEAMS-U (former USPS), TEAMS-A (former A&P), Academic Personnel

USPS, TEAMS-A (former A&P), TEAMS-U (former USPS), Academic Personnel

Academic Personnel and TEAMS-A (former A&P)